Symantec Gets $500 Million Investment From Silver Lake -- Update

TODAY: Feb. 5, 2016 PUB DATE: Feb. 5, 2016

By David Benoit Private-equity firm Silver Lake is making a $500 million investment in Symantec Corp. and taking a board seat in a bid to boost the cybersecurity company, whose stock has flagged despite an industry boom. Symantec will buy ...

China Mogul Cuts New Path

TODAY: Feb. 5, 2016 PUB DATE: Feb. 5, 2016

(FROM THE WALL STREET JOURNAL 2/5/16) By Brian Spegele in Beijing and Wayne Ma in Hong Kong BEIJING -- As he spends tens of billions of dollars to buy European businesses, the chairman of China National Chemical Corp. likes to ...

Julius Baer to Pay $547 Million Under Guilty Plea in U.S. Tax Case

TODAY: Feb. 5, 2016 PUB DATE: Feb. 5, 2016

Swiss bank Julius Baer Group AG on Thursday admitted to helping U.S. taxpayers hide billions of dollars in offshore accounts and agreed to pay $547 million. Separately, two of the bank's former client advisers?Daniela Casadei and Fabio Frazezetto?pleaded guilty to ...

BNP Paribas Profit Halved by Italian Write-Down -- Update

TODAY: Feb. 5, 2016 PUB DATE: Feb. 5, 2016

By Noemie Bisserbe PARIS--French bank BNP Paribas SA reported sharply lower fourth-quarter net profit on Friday, hit by a hefty write down on its Italian bank, BNL, and said it planned to trim its corporate and investment bank to meet ...

Rob Portman Signals Concerns Over Pacific Trade Deal

TODAY: Feb. 5, 2016 PUB DATE: Feb. 5, 2016

By Kristina Peterson GOP Sen. Rob Portman of Ohio said Thursday he couldn't support the current version of a sweeping Pacific trade deal, highlighting the challenges the 12-nation trade pact faces clearing Congress in an election year. A former U.S. ...

Foxconn, Sharp to Sign Takeover Deal By End of February

TODAY: Feb. 5, 2016 PUB DATE: Feb. 5, 2016

Foxconn, the Taiwanese iPhone assembler, has received a personal commitment from Sharp Corp.'s chief executive Kozo Takahashi that a definitive agreement for a takeover will be signed before Feb. 29, a person familiar with the matter said Friday. Japanese electronics ...

Malaysia December Exports +1.4% on Year; +4.8% Expected

TODAY: Feb. 5, 2016 PUB DATE: Feb. 5, 2016

By Yantoultra Ngui KUALA LUMPUR--Malaysia's exports grew at a slower-than-expected pace in December as the global economy weakened, according to a press statement by the country's statistics department on Friday. Malaysia's December exports grew 1.4% on-year, slower than the 4.8% ...

French Current-Account Deficit Shrank in December

TODAY: Feb. 5, 2016 PUB DATE: Feb. 5, 2016

By William Horobin PARIS--France's current-account deficit narrowed in December as the goods deficit more than halved, the Bank of France said Friday. The current-account deficit of the eurozone's second-largest economy narrowed to 0.7 billion euros ($0.78 billion) in December from ...

EU Stops Short of Rejecting Portugal's Spending Plan

TODAY: Feb. 5, 2016 PUB DATE: Feb. 5, 2016

By Patricia Kowsman and Gabriele Steinhauser The European Union's executive arm urged Portugal on Friday to take extra measures to keep down this year's budget deficit, but stopped short of demanding that the government submit an entirely new spending plan. ...

U.S. Stocks Slip After Jobs Report

TODAY: Feb. 5, 2016 PUB DATE: Feb. 5, 2016

By Leslie Josephs and Riva Gold U.S. stocks fell slightly Friday after data showed the American economy created fewer jobs than expected last month. The Labor Department said the U.S. added 151,000 jobs in January. Economists polled by The Wall ...

Canada Unemployment Rate Increases in January--Update

TODAY: Feb. 5, 2016 PUB DATE: Feb. 5, 2016

By Kim Mackrael OTTAWA--Canada shed jobs in January as the unemployment rate in oil-rich Alberta hit its highest level in almost 20 years, underscoring the impact that the commodity-price rout is having on the country's economy. Canada lost a net ...

Coffee Futures Fall on Last-Minute Sales Ahead of Brazil Holiday

TODAY: Feb. 5, 2016 PUB DATE: Feb. 5, 2016

By Julie Wernau Coffee futures fell Friday ahead of Carnival in Brazil, the world's largest coffee producer, as producers booked last-minute sales before tonight's start to the nearly weeklong holiday. Arabica coffee for March delivery fell 1.7% to $1.2115 a ...

Brazil's Inflation Rate Grew More Than Expected in January

TODAY: Feb. 5, 2016 PUB DATE: Feb. 5, 2016

By Rogerio Jelmayer SÃO PAULO--Brazil's consumer-price index increased more than expected in January, putting more pressure on the country's central bank as it struggles to control inflation. Brazil's consumer-price index, the IPCA, rose 1.27% in January, compared with an increase ...

S&P 500, Nasdaq Futures -- Technical Analysis

TODAY: Feb. 5, 2016 PUB DATE: Feb. 5, 2016

Chicago Mercantile Exchange March S&P; 500 Futures 2108.90 -- lifetime high 2042.00 -- previous month's high 1995.66 -- 100-day moving average 1941.83 -- second pivot point resistance 1925.17 -- first pivot point resistance 1921.50 -- previous day's high 1910.98 -- ...

Malaysia Forex Reserves Up to $95.5 Billion as of Jan. 29

TODAY: Feb. 5, 2016 PUB DATE: Feb. 5, 2016

By Yantoultra Ngui KUALA LUMPUR--Malaysia's foreign exchange reserves totaled $95.5 billion as of Jan. 29, slightly higher from two weeks earlier, the central bank said in a statement Friday. The central bank didn't give a reason for the rise in ...

Short-Term U.S. Government Bonds Pull Back on Jobs Report

TODAY: Feb. 5, 2016 PUB DATE: Feb. 5, 2016

By Min Zeng Short-term U.S. government bonds pulled back Friday as the latest labor-market report pushed investors to scale down expectations that the Federal Reserve would hold off on raising interest rates this year. While the U.S. added fewer jobs ...

BIS Warns Against Easier Policies to Support Markets

TODAY: Feb. 5, 2016 PUB DATE: Feb. 5, 2016

By Paul Hannon Central bankers should resist the temptation to support tumbling financial markets by pursuing easier monetary policies, the head of the Bank for International Settlements said on Friday. Speaking at the London School of Economics, Jaime Caruana said ...

Mexico's Stocks Close Lower; Peso Weakens Against Dollar

TODAY: Feb. 5, 2016 PUB DATE: Feb. 5, 2016

By Anthony Harrup MEXICO CITY -- Mexican stocks closed lower Friday in line with U.S. equities, while the peso weakened against the U.S. dollar as oil prices slipped. The IPC index of leading issues ended down 1.2% at 43,230 points ...

U.S. Consumer Credit Rose by $21.3 Billion in December

TODAY: Feb. 5, 2016 PUB DATE: Feb. 5, 2016

WASHINGTON?Americans accelerated their pace of borrowing in December, entering 2016 ready to spend despite turmoil in financial markets and overseas economies. Outstanding consumer credit, a measure of all debt besides mortgages, rose by $21.3 billion or at a seasonally adjusted ...